Question

X and Y are partners sharing profits and losses in the ratio 3:2 . They admit Z into the partnership , who gets 1/4th of his share from X and 3/16th share from Y. Calculate the new profit-sharing ratio and sacrificing ratio.​

Answer 1

Explanation:

new sharing ratio = old -new

x = 3/5-1/4= 12-5/20=7/20

y = 2/5-3/16 =17/30

21:34